Overview
What is Grundy County Rural Electric Cooperative?
Grundy County Rural Electric Cooperative is a nonprofit organization, primarily located at 303 N Park Ave, Grundy Center, IA 50638. Their primary mission is to provide dependable and reliable electricity and services to their members within Grundy, Black Hawk, Marshall, Tama, Butler, and Hardin counties. With a team of 14 dedicated individuals, they cater to rural families, farms, and industries, ensuring they have access to affordable electric service. The cooperative's activities and mission revolve around supplying electricity and related services, contributing positively to the communities they serve.
Is Grundy County Rural Electric Cooperative legitimate?
Grundy County Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Grundy County Rural Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $187,178
Professional Fundraising Fees: $0
Other Salaries and Wages: $300,689
For more financial information, click here
What is the mission statement of Grundy County Rural Electric Cooperative?
The Grundy County Rural Electric Cooperative is committed to providing dependable and affordable electric service to rural families, farms, and industries in several counties. Their primary activity involves selling reliable electricity and associated services to their members. The cooperative's mission is to ensure that rural communities have access to reliable electric power, contributing to their overall development and well-being.
Who is the CEO of Grundy County Rural Electric Cooperative?
Michael Geerdes is the President of Grundy County Rural Electric Cooperative.
What is the revenue of Grundy County Rural Electric Cooperative?
Grundy County Rural Electric Cooperative's revenue in 2022 was $11,131,300.
Who are the executives of Grundy County Rural Electric Cooperative and what are their salaries?
The average compensation at Grundy County Rural Electric Cooperative during 2022 was $34,848. There are 14 employees at Grundy County Rural Electric Cooperative.
Here are 8 key members and their salaries:
- Compensation: $4,995
- Related: $0
- Other: $0
- Compensation: $7,410
- Related: $0
- Other: $0
- Compensation: $6,630
- Related: $0
- Other: $0
- Compensation: $5,130
- Related: $0
- Other: $0
- Compensation: $3,185
- Related: $0
- Other: $0
- Compensation: $8,665
- Related: $0
- Other: $0
- Compensation: $4,920
- Related: $0
- Other: $0
- Compensation: $93,290
- Related: $0
- Other: $52,953
Where can I find the form 990 for Grundy County Rural Electric Cooperative?
Grundy County Rural Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grundy County Rural Electric Cooperative
Grundy County Rural Electric Cooperative, a community-oriented organization, is dedicated to providing dependable and reliable electricity and services to its members. Its mission is to ensure affordable electric service for rural families, farms, and industries in Grundy, Black Hawk, Marshall, Tama, Butler, and Hardin Counties. The cooperative strives to deliver electricity that is both dependable and reliable, meeting the needs of its members in these areas. By doing so, Grundy County Rural Electric Cooperative contributes to the well-being and development of these rural communities.
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Impact
October, 2024
Grundy County Rural Electric Cooperative plays a crucial role in delivering dependable and reliable electricity to rural families, farms, and industries across several counties in Iowa, including Grundy, Black Hawk, Marshall, Tama, Butler, and Hardin. By providing affordable electric service, the cooperative enhances the quality of life in these communities, supporting both residential and agricultural needs.
The cooperative's commitment to ensuring consistent electricity access contributes significantly to local economic development, enabling businesses to thrive and families to enjoy modern conveniences. Its focus on community service and public benefit reinforces the cooperative's mission, fostering sustainability and growth in the regions it serves. Overall, Grundy County Rural Electric Cooperative's impact is felt through its dedication to providing essential services that empower and uplift rural communities.
This information is meant to be a general summary of Grundy County Rural Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $66,181
- Program Service Revenue: $9,879,932
- Gross Receipts: $11,131,300
Assets and Liabilities:
- Total Assets: $26,484,981
- Total Liabilities: $13,862,486
- Net Assets: $12,622,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$9,879,932
Organization Details
Founding Year
1937
Phone
(319) 824-5251Principal Officer
Michael Geerdes
Main Address
303 N PARK AVE, GRUNDY CENTER, IA, 50638
NTEE Category
Code: W80Z - Public benefit
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